Irani Was A Thief

Pure and simple. He had the BOD in his back pocket to award him huge, underserved, pay packages/compensation. It's true that the pps of OXY soared in between 1995-2005, but it only soared because the world-wide price for a barrel of oil went from $18 to $110 in that time span. Irani had nothing to do with that rise in price, but he sure took advantage of OXY shareholders to award himself money that could have went to shareholder pockets or to building up the company. Irani and his BOD were rotten to the core.

Not a thief.
No more than a pig is for eating all the slops including those intended for his porcine baryard mates, emptyingt the cupboards cleaning out the refrigerator hoovering up every item in the freezer bread box sugar tin garbage pail devouring all the canned goods licking the glue off every stamp and envelope and sucking up the total of every edible scrap in the dumpster out back.

I know it's probably too much to ask of you, but do some reading. Irani inherited a total disaster of a company form Hammer and the company probably would have gone under had he not repositioned it. I guess he gets no credit for the Elk Hills purchase or all of the deals he was able to cut in the Middle East. You can argue about his comp level but you clearly haven't done a lick of research about his legacy at Oxy.

An average of $80 million per year is a big excessive. They pay their management and engineers very, very well and their expenses are the highest in the industry. Their cost structure is out-of-line! And it really hurts the stock price.

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